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BTC $79,355.49 -0.72%
ETH $2,488.03 -0.52%
BNB $743.46 -1.91%
XRP $1.40 -1.53%
SOL $104.86 -1.74%
TRX $0.3366 +0.69%
DOGE $0.0893 -0.93%
ADA $0.2184 -0.42%
BCH $255.70 -1.89%
LINK $13.32 +8.24%
HYPE $87.49 -0.41%
AAVE $133.84 -0.56%
SUI $0.8108 +1.42%
XLM $0.1899 +1.90%
ZEC $1,188.64 +0.25%

PinGo COO: The PinGo mining mechanism will partially transition to the PoS mechanism in Q1 2025

2024-12-27 22:12:48

ChainCatcher news, PinGo's Chief Operating Officer Melvin stated on X that PinGo is preparing for sustainability and growth. To create deflation and enhance network efficiency, PinGo's mining mechanism will partially transition to a Proof-of-Stake (PoS) model.

Melvin expects this transition to be completed in the first quarter of 2025.

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